Energy Aspects offers high-frequency research coverage of the global natural gas markets, led by Trevor Sikorski. We publish a comprehensive suite of reports combining data analysis, market fundamentals and forward-looking commentary. Our experienced analysts provide the information and insight you need to stay ahead of the global natural gas markets.
Within this report you will be able to review the latest figures published by Baker Hughes by gas shale plays in the US and by province in Canada.Fig 1: US total rig countFig 2: Appalachian shale plays gas rig countGasOilTotal21 Sep 181868661,053w/w chg.0 -(1) ↓(2) ↓y/y chg.(4) ↓122 ↑118 ↑1..
Users licensed for the data service can access our India gas balances and power generation data.LNG imports to India grew by 0.09 Mt (6%) y/y in August, despite high prices for spot cargo deliveries and a depreciating rupee that saw India paying more for the same value of dollar-indexed shipments..
Hot weather supported aggregate power demand across Europe last month. Power sector gas demand in Northwest Europe then found support from low nuclear availability before shrinking in Spain and Italy due to higher hydro generation. Total Russian deliveries were softer y/y while LNG supply remaine..
Further strength in Europe’s TTF prices and some softening of JKM contracts put downward pressure on the JKM-TTF spread w/w. This all occurred against a background of market chatter dominated by Chinese tariffs on US LNG imports. JKM peak winter delivery is still more than 3 $/mmbtu above t..
Today’s report (week ended 14 Sep): EIA: +86 bcf, EA: +84 bcfTo align with today’s print, we made a 0.1 bcf/d upward adjustment to production.Next Thursday’s report (week ending 21 Sep): EA preliminary: +57 bcfA 36.6 bcf/d average power burn reading is responsible for the w/w step-down in injecti..
Please note that users licensed for the data service can access our Japanese gas balances and energy imports data.Japanese LNG imports rose by 0.3 Mt y/y in August to 7.6 Mt, as three months of unusually hot weather has left the region with plenty of late summer restocking demand. Higher y/y LNG..
Europe is heading into the heating season in a bullish mood, with a combination of low storage levels and high prices in the generation complex (coal, carbon) having supported gas prices.The coming winter holds risks to both the upside and downside. Given that a number of months last winter were..
Thursday’s EIA report (week ended 14 Sep) – EA Final Estimate: +84 bcfWe forecast that Thursday’s EIA report will show an injection of 84 bcf. Falling demand was the impetus for the 15 bcf w/w rise in the injection rate, as total demand fell by 2.1 bcf/d w/w to 75.8 bcf/d. The losses were concent..
Please note that users licensed for the data service can access our Norwegian data for production by field and pipeline exports.Total Norwegian gas production was 10.2 bcm in August, down by 0.2 bcm (2%) y/y. In a similar trend to August, September production is on track to be lower than the plan..
Please note that users licensed for the data service can access our South Korean gas balances, power by source and nuclear outages data.The intense heatwave that swept across Asia in July-August helped boost South Korean cooling demand again last month, pushing August LNG imports up by 0.32 Mt (1..
Flat price strength continued in EU gas markets despite the y/y European storage gap narrowing to 3.6 bcm by Friday. Russian supply was stronger y/y and there was a significant slump in demand on much milder weather y/y, but the storage deficit could have closed even further if Russian supply had..
Within this report you will be able to review the latest figures published by Baker Hughes by gas shale plays in the US and by province in Canada.Fig 1: US total rig countFig 2: Appalachian shale plays gas rig countGasOilTotal14 Sep 181868671,055w/w chg.0 -7 ↑7 ↑y/y chg.0 -118 ↑119 ↑7..
The TTF was buffeted by hyper volatility in the EU’s carbon market this week, while the JKM saw modest gains for the peak winter JKM contracts that helped return the JKM-TTF spread closer to, but still below, 4 $/mmbtu for delivery. A price of around 3 $/mmbtu is needed for reloads from Europe to..
Today’s report (week ended 7 Sep): EIA: +69 bcf, EA: +69 bcfToday’s print, which was slightly higher than consensus estimates, was driven by a 0.6 bcf/d w/w decline in industrial demand due to the holiday effect from Labor Day.Next Thursday’s report (week ending 14 Sep): EA preliminary: +84 bcfYe..
Regional gas demand in Central Eastern Europe (CEE) rose by 0.33 bcm y/y to 1.93 bcm in August, buoyed by CDDs that were 34% higher y/y and the second-highest in 10 years. Exceptionally high temperatures for the time of year this month should curb any late-September heating demand, especially com..